Watch out for these penny stocks locked in the upper circuit on August 18

The Sensex and Nifty witnessed declines of 0.46 per cent and 0.49 per cent respectively.

Market at 10:00 AM, The Sensex and Nifty witnessed declines of 0.46 per cent and 0.49 per cent respectively. However, Nifty Mid-Cap showed resilience with a 0.21 per cent increase, while Nifty Small-Cap demonstrated a stronger opening, rising by 0.24 per cent.

Furthermore, NIFTY Bank saw minor slip by 0.09 per cent and FINNIFTY following the trail is down by 0.32 per cent. The India VIX, an indicator of market volatility, witnessed a 1.23 per cent surge, highlighting an uptick in market uncertainty.

We can say that, the current market is dealing on mixed notes. 

Furthermore, Nifty PSU Bank, Nifty Media, and Nifty Pharma emerged as the leaders in gains, showcasing their resilience. On the flip side, Nifty IT, Nifty Realty, and Nifty Energy faced challenges, positioning them among the notable losers.

Leading the gainers within the Nifty 50 were Dr. Reddy’s Laboratories, Cipla, and L&T. Conversely, Coal India, TCS, and Wipro experienced early losses, marking them among the leading decliners.

Looking at the broader market sentiment, approximately 1167 stocks advanced while 622 stocks declined. This equilibrium pointed towards a cautious yet optimistic sentiment prevailing in the broader market landscape.

On August 17, foreign institutional investors (FII) offloaded shares worth Rs 1,510.86 crore, while domestic institutional investors (DII) sold shares worth Rs 313.97 crore.

Following is the list of Penny Stock that got locked in the upper circuit on August 18, 2023:

Investors should keep an eye on these Penny Stocks.

Disclaimer: The article is for informational purposes only and not investment advice.